Bank of Japan hikes rates for the first time in 17 years in a historic shift, abolishes yield curve control

Japan flag and Japanese Yen cash banknotes (money, economy, business, finance, inflation, crisis)

Javier Ghersi | Moment | Getty Images

Japan’s central bank raised interest rates on Tuesday for the first time since 2007, ending the world’s last negative rates regime on early signs of robust wage gains this year.

The BOJ raised its short-term interest rates to around 0% to 0.1% from -0.1%, according to its statement at the end of its two-day March policy meeting. Japan’s negative rates regime had been in place since 2016.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *